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  • #198,761
  • Feb 18, 2010 6:44pm Feb 18, 2010 6:44pm
I see gold not coming up at all. I hope it does with that push I see no reason not to hit 3600..
Dean
  • #198,762
  • Feb 18, 2010 6:46pm Feb 18, 2010 6:46pm
Quoting 2+2=4ex
No matter how many times I see it, every time I study the charts the price action amazes me.
Nothing to be amazed about. Pair doesn't drop just because..

It's a f* manipulation/intervention if you want, charts doesn't apply here.

It's like playing against the FED by the rules but guys have few extra

kings and joker just in case.. Charts were fine right until 4:00PM EST.

No problem, we'll get those bastards later..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #198,763
  • Feb 18, 2010 6:46pm Feb 18, 2010 6:46pm
Quoting SkyzerFX
GOLD going back up, looks like it's close to over..

Tomorrow angry EUR Bulls will kick some Dollar bulls butt after realizing

how they got bluffed and kick of the positions. We are near 1.35 actually..

Nothing extreme. I don't see why we couldn't revisit 1.36+ in 1-2 days.

Easy money. I'm done for today... no SL, go ahead and try to drop it to 1.30, if you can..

I'll check tomorrow morning..

We just had a pullback to 3489... your very last chance to limit your losses. (sorry, couldn't resist )
  • #198,764
  • Feb 18, 2010 6:48pm Feb 18, 2010 6:48pm
This is perfection, It doesn't get any better than this. No wonder why it is called harmonic pattern. It stoped right at 127.2% Fibo Ext. where 60% of the time there is a major reversal. I am not a bear nor a bull, I am just a trader taking this call. I am including this chart as a MT4 template so you could review it......(There is also a major fibo).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4.gif Size: 15 KB
Click to Enlarge Name: fibo.gif Size: 18 KB
Attached File(s)
File Type: tpl ab=cd when cd=127.2.tpl   2 KB | 255 downloads
  • #198,765
  • Feb 18, 2010 6:50pm Feb 18, 2010 6:50pm
Quoting longshot_nl
Hehe.. Grappig dat er hier best nederlanders Zitten..

But i don't think foreign languages are appreciated.
Thank you very much for the advice.!
But i think i stepped in at just the right moment.
Got 9 euro on gold and keeping it since i think i bought at bottom for a decent time.
Also got 9 euro on EUR/USD. keeping it for same reason.
Will evaluate stop loss frequently.
I don't have to loose any pip now.

How does that sound.?
Using stops is a good thing, try to move your stops on entry or above so nothing bad can happen. What are your targets?

By the way, i am not that bullish on the market as you are.

good luck!
  • #198,766
  • Feb 18, 2010 6:51pm Feb 18, 2010 6:51pm
Quoting SkyzerFX
Nothing to be amazed about. Pair doesn't drop just because..

It's a f* manipulation/intervention if you want, charts doesn't apply here.

It's like playing against the FED by the rules but guys have few extra

kings and joker just in case.. Charts were fine right until 4:00PM EST.

No problem, we'll get those bastards later..
!!!
... All good things come to those who wait...
  • #198,767
  • Feb 18, 2010 6:53pm Feb 18, 2010 6:53pm
Sir, so you are saying it is ready for a reversal (60% of the time) from here?
Am I right in saying so?

Quoting TheLastCoke
This is perfection, It doesn't get any better than this. No wonder why it is called harmonic pattern. It stoped right at 127.2% Fibo Ext. where 60% of the time there is a major reversal. I am not a bear nor a bull, I am just a trader taking this call. I am including this chart as a MT4 template so you could review it......(There is also a major fibo).
  • #198,768
  • Feb 18, 2010 6:58pm Feb 18, 2010 6:58pm
Quoting TudorJonesJR
Using stops is a good thing, try to move your stops on entry or above so nothing bad can happen. What are your targets?

By the way, i am not that bullish on the market as you are.

good luck!
My target is up
nm i sold it for a little profit..
I think gold will stay between the lines in the pic, will buy again when it bounces.
I think eur/usd is oversold and will bounce back to 1.36 even though the trends have changed. Also will buy again when it bounces.
Attached Image (click to enlarge)
Click to Enlarge Name: forex5.jpg Size: 212 KB
  • #198,769
  • Feb 18, 2010 6:59pm Feb 18, 2010 6:59pm
If your going to use a stop loss you do not want your broker to see it. So your SL should be hidden. There are 2 eas attached here that will close all trades at the amount you put in negative or positive.
The first one is pip and the second one is pips. First one works by putting in a money amount , second one works by putting in the number of pips.
Enjoy
Dean
Attached File(s)
File Type: mq4 CloseAll-PL.mq4   4 KB | 263 downloads
File Type: mq4 CloseByPL_pips.mq4   5 KB | 266 downloads
  • #198,770
  • Feb 18, 2010 7:01pm Feb 18, 2010 7:01pm
Quoting SkyzerFX
Nothing to be amazed about. Pair doesn't drop just because..

It's a f* manipulation/intervention if you want, charts doesn't apply here.

It's like playing against the FED by the rules but guys have few extra

kings and joker just in case.. Charts were fine right until 4:00PM EST.

No problem, we'll get those bastards later..
who's we'll? lol.

Sky, little by little you have gone from the rival opponent's head cheerleader on the other side of the field to one of my favorite posters here. I don't know which way you really are trading, but your all out kamikaze passion and explanations for why we should go long makes me laugh. Good luck bud.
  • #198,771
  • Feb 18, 2010 7:01pm Feb 18, 2010 7:01pm
Quoting longshot_nl
Baaad bad day for a rookie like me.
I halved my funds to 140 euros.
Am gambling now.
Gold and EUR/USD up or i get broke for a few months and i have to go back to drawing board demo account.
In my first 2 years live I blew my account 5 or 6 times. It's just part of the learning process and the only 2 things to do from this is 1) learn what went wrong so you don't repeat the same mistake in the future and 2)persevere.

One other thing to add is...it is VERY hard to start with low capital. For example, I used to put 250 dollars in my account (was unemployed). I would take that number to 500 or 1000 with proper management and thousands of pips gained in a relatively short time after which one bad day where I didn't respect my own rules led to me blowing the account. Why would I let such a bad day ruin me? Because not having any money made it inconceivable for me to lose any little profit I made.

Now, totally different scenario. My last barrier of low capital was removed. I funded my account at the start of January with 1500 dollars and STILL have my day time job. Where am I now? 2034. Most of my trades where 50cents per pip if I felt really confident or 25cents per pip, half position (most of my trades where like this). Sure I had my bad days but simply because I still have outside income coming, my mind set allows me to take losses. Even though these are small sums I mention here for some traders who make that in a single trade, for me they are enormous, not to mention I had to gain 1500-2000 pips for them. Before the year ends this 2034 should turn into 10,000...plus my current job income....I'll be ready to support myself from Forex alone AND will have proven to myself that I can be consistently profitable. All of this because I didn't have to worry about the thing I am trying so hard to obtain..money.

I posted this here because many can relate to this or learn from it. The one key thing you should try to understand from all this is, we all have our ups and downs, moments of despair and weakness, but it's how you pick yourself up from those moments and learn from them that will make you a successful trader in the future.

Good pippin and don't give up. Also...get a job..LOL
Different opinions highly valued, ignorant to slander.
  • #198,772
  • Feb 18, 2010 7:11pm Feb 18, 2010 7:11pm
Quoting dean walker
If your going to use a stop loss you do not want your broker to see it. So your SL should be hidden. There are 2 eas attached here that will close all trades at the amount you put in negative or positive.
The first one is pip and the second one is pips. First one works by putting in a money amount , second one works by putting in the number of pips.
Enjoy
Dean

thanks dean..


i'm sure this will help someone against some rude brokers..
  • #198,773
  • Feb 18, 2010 7:16pm Feb 18, 2010 7:16pm
too bad but dont lose the other half now.

Quoting longshot_nl
Baaad bad day for a rookie like me.
I halved my funds to 140 euros.
Am gambling now.
Gold and EUR/USD up or i get broke for a few months and i have to go back to drawing board demo account.
Its all in the mind.
  • #198,774
  • Feb 18, 2010 7:17pm Feb 18, 2010 7:17pm
welcome anytime
Dean


Quoting plumiash

thanks dean..


i'm sure this will help someone against some rude brokers..
  • #198,775
  • Feb 18, 2010 7:19pm Feb 18, 2010 7:19pm
Quoting psiholog
In my first 2 years live I blew my account 5 or 6 times. It's just part of the learning process and the only 2 things to do from this is 1) learn what went wrong so you don't repeat the same mistake in the future and 2)persevere.

One other thing to add is...it is VERY hard to start with low capital. For example, I used to put 250 dollars in my account (was unemployed). I would take that number to 500 or 1000 with proper management and thousands of pips gained in a relatively short time after which one bad day where I didn't respect my own rules...

Thank you for your concern about my situation.
First of all i have a job, i am a programmer for 4 hours/day and earn just fine.
My theory is that if you can get ritch with 2000 euro's you can get ritch with 200 euro's.
Until i have any money it will be a hobby.
I will swallow my losses for today and see my leftovers as my new starting point.
  • #198,776
  • Feb 18, 2010 7:21pm Feb 18, 2010 7:21pm
well if you are trading with 2000 euros then u shud not even be trading live. get a demo. save up some cash get a bigger stake and try live then- that will safe guard your savings agaonst days like this.

me out now

Quoting longshot_nl
Thank you for your concern about my situation.
First of all i have a job, i am a programmer for 4 hours/day and earn just fine.
My theory is that if you can get ritch with 2000 euro's you can get ritch with 200 euro's.
Until i have any money it will be a hobby.
I will swallow my losses for today and see my leftovers as my new starting point.
Its all in the mind.
  • #198,777
  • Feb 18, 2010 7:25pm Feb 18, 2010 7:25pm
Quoting dean walker
If your going to use a stop loss you do not want your broker to see it. So your SL should be hidden. There are 2 eas attached here that will close all trades at the amount you put in negative or positive.
The first one is pip and the second one is pips. First one works by putting in a money amount , second one works by putting in the number of pips.
Enjoy
Dean

For scalpers ok. Make sure to allways set a (wider) hardstop as well in case you get disconnected, poweroutage, login trouble etc. etc...
  • #198,778
  • Feb 18, 2010 7:26pm Feb 18, 2010 7:26pm
Sorry about the video.

New laptop... still fukin with the settings.

Either way... the content should be solid.

Inserted Video
  • #198,779
  • Feb 18, 2010 7:26pm Feb 18, 2010 7:26pm
Quoting psiholog
In my first 2 years live I blew my account 5 or 6 times. It's just part of the learning process and the only 2 things to do from this is 1) learn what went wrong so you don't repeat the same mistake in the future and 2)persevere.

One other thing to add is...it is VERY hard to start with low capital. For example, I used to put 250 dollars in my account (was unemployed). I would take that number to 500 or 1000 with proper management and thousands of pips gained in a relatively short time after which one bad day where I didn't respect my own rules...
Excellent post and so true. For me it also seemed that the more I wanted to or felt like needed to make money, the harder it was. It's much easier and less stressful to start with at least $1000 (for microlot) and money that you can lose without a care (not that you plan to!). I recommend to those who are new and on low balances to demo trade and save until you can get $1000+ into an account.

The other point I would like to make, very important... USE STOP LOSS. If you wait for a good opportunity with good r/r (1/3 or better), you dramatically increase your chances of making successful trades. Also moving stop lose to BE +1 once halfway to take profit is good management. Now I know the whole it seems like "brokers go stop hunting story", but trust me with good r/r you will it it out of the park - make up for the stopped losses and then some. Try it.

Good luck.
  • #198,780
  • Feb 18, 2010 7:27pm Feb 18, 2010 7:27pm
Your theory would be correct if everything was perfect, perfect system, perfect trader,perfect market..
If you find that anywhere let me know they can trade for me..
Dean



Quoting longshot_nl
Thank you for your concern about my situation.
First of all i have a job, i am a programmer for 4 hours/day and earn just fine.
My theory is that if you can get ritch with 2000 euro's you can get ritch with 200 euro's.
Until i have any money it will be a hobby.
I will swallow my losses for today and see my leftovers as my new starting point.
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